Modis Professional Services, Inc. (MPS) Message Board

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Non-Tech : Modis Professional Services, Inc. (MPS)

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To: Chuzzlewit who wrote (215)	6/8/1998 11:23:00 PM
From: Carmine Cammarosano	Read Replies (1) of 335

Monday June 8, 5:37 pm Eastern Time AccuStaff unit files for $175 mln IPO WASHINGTON, June 8 (Reuters) - Strategix Solutions Inc., a unit of staffing provider AccuStaff Inc.,on Monday filed with the U.S. Securities and Exchange Commission for an initial public offering for up to $175 million shares of common stock. Strategix has applied to the New York Stock Exchange to trade under the stock symbol ''STG''. AccuStaff said it intends to distribute its ownership interest in the company to AccuStaff stockholders in 1999 by means of a tax-free distribution of the common stock held by AccuStaff of Strategix to all AccuStaff stockholders. The offering will be made through Goldman, Sachs & Co., Robert W. Baird & Co. Inc. and Lehman Brothers. Proceeds will be used in accordance with the reorganization and paid to AccuStaff.

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